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The Former governor of Anambra and presidential candidate of the Labour Party (LP) Mr. Peter Obi, has refuted claims of offering N40 billion to the presidential candidate of the New Nigeria Peoples Party (NNPP) Alhaji Rabiu Kwankwaso, to step down for him. This was revealed by Obi during an interactive forum with the Nigerian Guild of Editors in Lagos on 21st November 2022. He said: “I never knowingly or unknowingly, offered anybody money to become president. In all my talks with Kwankwaso, I never offered him any money.”

Obi also made it known that nobody was funding his campaigns. “Nobody as of today will say he’s funding Peter Obi. I’m funding myself. I don’t pay people to work for me.

Subsequently, during the interaction, he spoke on how he would transform Nigeria into a producing country noting the challenges being faced by the nation. On whether he would borrow to execute his programmes in the face of the rising debt profile of the country, the LP standard bearer maintained that there was nothing wrong with borrowing if it’s channelled into production.

“Nothing is wrong with borrowing if invested properly. Every nation in the world that I have studied borrows. The problem with borrowing is what you do with the money. It’s okay to borrow for production but there’s a problem when you borrow for consumption. I will only borrow for production and I will explain to Nigerians why I’m borrowing. I must talk to the people because the job of a leader is to communicate with the people”, he explained.

While stressing the importance of the rule of law, Obi disclosed that he would invest in intangible assets such as education to drive the economy and attract foreign investors to the country.

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